Mcleod Russel India Ltd

McLeod Russel Q1 2025 Results: Key Updates & Financial Challenges 📉

- Unaudited standalone financial results for Q1 2025 show a loss of ₹4,949 lakhs, with total income at ₹16,866 lakhs.

- Re-appointment of Ms. Rupanjana De as Independent Director for a second term (pending shareholder approval).

- Appointment of M/s A. K. Labh & Co. as Secretarial Auditors for five years (subject to shareholder approval).

- Voluntary delisting from Calcutta Stock Exchange (CSE) approved; shares remain listed on BSE and NSE.

- Inter-Corporate Deposits (ICDs) of ₹2,86,050 lakhs (including interest) to promoter group/others deemed doubtful; ₹1,01,039 lakhs provisioned.

- Company faces financial distress: current liabilities exceed assets, operational losses erode net worth.

- Debt restructuring resolution plan submitted to NARCL and lenders (pending approval).

- Auditors issued adverse conclusion due to material uncertainties and non-compliance with accounting standards.

- Going concern assumption hinges on successful debt resolution and operational turnaround.